Week 3 Overview

This course will teach you the fundamentals of managerial accounting including how to navigate the financial and related information managers need to help them make decisions. You'll learn about cost behavior and cost allocation systems, how to conduct cost-volume-profit analysis, and how to determine if costs and benefits are relevant to your decisions.
By the end of this course, you will be able to:
- Describe different types of costs and how they are represented graphically
- Conduct cost-volume-profit analyses to answer questions around breaking even and generating profit
- Calculate and allocate overhead rates within both traditional and activity-based cost allocation systems
- Distinguish costs and benefits that are relevant from those that are irrelevant for a given management decision
- Determine a reasonable course of action, given the financial impact, for a given management decision

GG

AP

May 28, 2018

Filled StarFilled StarFilled StarFilled StarFilled Star

A very intensive informative course.\n\nAna Pelayo.

从本节课中

COST ALLOCATION

After learning how to conduct cost-volume-profit analyses, we're ready to discuss cost allocation and the different types of systems we can use: traditional and activity-based. From there, we'll learn how to calculate overhead rates and allocate overhead within both types of systems.

教学方

Luann J. Lynch

Almand R. Coleman Professor of Business Administration

脚本

In this part of the course, we'll discuss what types of costs are incurred in making and selling products and services and how these costs are treated for financial accounting purposes. Next, we'll move into a discussion about the flow of cost and cost allocation systems, highlighting the differences between traditional cost allocation systems and activity based costing. From there, you'll develop your decision making skills around which type of cost allocation system you should use in a given context.